PROBLEM 11-1

Honey Corporation
Cost of Production Report - Refining Department
Jan-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 10000
Started units 75000
Total units to account for 85000

Total Materials
Units transferred out 73000 73000
Ending Work in Process 12000 12000
Total units to be accounted for 85000 85000

COST SCHEDULE

Total Materials
Beginning Work in Process 103,900.00 64,000.00
Current month costs 1,016,720.00 616,000.00
Total costs to account for 1,120,620.00 680,000.00

COST PER UNIT 13.44 8.00

Costs Transferred out 981101.975308642 584,000.00

Ending Work in process 139518.024691358 96,000.00
Total costs to be accounted for 1,120,620.00 680,000.00

PROBLEM 11-2

Name of Company
Cost of Production Report - Processing Department (D2)
Apr-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 1000
Started units 6000
Total units to account for 7000

Total Transferred in
Units transferred out 6500 6500
Ending Work in Process 500 500
Total units to be accounted for 7000 7000
COST SCHEDULE
Total Transferred in
Beginning Work in Process 175,380.00 120,000.00
Current month costs 1,016,388.00 732,000.00
Total costs to account for 1,191,768.00 852,000.00

COST PER UNIT 171.92 121.71

Costs Transferred out 1,117,483.88 791,142.86

Ending Work in process 74,284.12 60,857.14
Total costs to be accounted for 1,191,768.00 852,000.00
PROBLEM 11-3

Ace Company
Cost of Production Report - First department
Jun-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 10000
Started units 104000
Total units to account for 114000

Total Materials
Units transferred out 106000 106000
Ending Work in Process 8000 8000
Total units to be accounted for 114000 114000

COST SCHEDULE
Total Materials
Beginning Work in Process 134,000.00 80,000.00
Current month costs 1,323,724.00 832,000.00
Total costs to account for 1,457,724.00 912,000.00

COST PER UNIT 12.89 8.00

Costs Transferred out 1,366,340.00 848,000.00

Ending Work in process 91,384.00 64,000.00
Total costs to be accounted for 1,457,724.00 912,000.00

PROBLEM 11-4

Tan Company
Cost of Production Report - Shaping Department (D2)
Oct-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 3000
Started units 7500
Total units to account for 10500

Total Transferred in
Units transferred out 8500 8500
Ending Work in Process 2000 2000
Total units to be accounted for 10500 10500

COST SCHEDULE
Total Transferred in
Beginning Work in Process 145,900.00 62,000.00
Current month costs 562,400.00 253,000.00
Total costs to account for 708,300.00 315,000.00

COST PER UNIT 70.80 30.00

Costs Transferred out 601,800.00 255,000.00

Ending Work in process 106,500.00 60,000.00
Total costs to be accounted for 708,300.00 315,000.00

Journal Entry:
Work in process - Finishing 601,800.00
Work in process - Shaping 601,800.00
PROBLEM 11-5

Malakas Corporation
Cost of Production Report - Assembling Department (D2)
Jun-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 2000
Started units 10000
Total units to account for 12000

Total Transferred in
Units transferred out 8000 8000
Ending Work in Process 4000 4000
Total units to be accounted for 12000 12000

COST SCHEDULE
Total Transferred in
Beginning Work in Process 64,700.00 32,000.00
Current month costs 310,000.00 160,000.00
Total costs to account for 374,700.00 192,000.00

COST PER UNIT 32.50 16.00

Costs Transferred out 260,000.00 128,000.00

Ending Work in process 114,700.00 64,000.00
Total costs to be accounted for 374,700.00 192,000.00

PROBLEM 11-6

Ka Louie Company
Cost of Production Report - Mixing Department (D1)
May-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 8000
Started units 104000
Total units to account for 112000

Total Materials
Units transferred out 75000 75000
Ending Work in Process 9000 9000
Total units to be accounted for 112000 84000

COST SCHEDULE
 Total Materials
Beginning Work in Process 5,700.00 1,680.00
Current month costs 50,640.00 18,480.00
Total costs to account for 56,340.00 20,160.00

COST PER UNIT 0.69 0.24

Costs Transferred out 51,750.00 18,000.00

Ending Work in process 4,590.00 2,160.00
Total costs to be accounted for 56,340.00 20,160.00

Journal Entry:
Work in Process - Bottling 51,750.00
Work in Process - Mixing 51,750.00
Ka Louie Company
Cost of Production Report - Bottling Department (D2)
May-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 8000
Started units 75000
Total units to account for 83000

Total Transferred in
Units transferred out 68000 68000
Ending Work in Process 15000 15000
Total units to be accounted for 83000 83000

COST SCHEDULE

Total Transferred in
Beginning Work in Process 8,570.00 6,350.00
Current month costs 77,650.00 51,750.00
Total costs to account for 86,220.00 58,100.00

COST PER UNIT 1.04 0.70

Costs Transferred out 70,638.07 47,600.00

Ending Work in process 15,581.93 10,500.00
Total costs to be accounted for 86,220.00 58,100.00

Journal Entry:
Finished Goods 70,638.07
Work in Process - Bottling 70,638.07

PROBLEM 11-7

Lavandera Company
Cost of Production Report -First Department
May-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 5000
Started units 50000
Total units to account for 55000

Total Materials
Units transferred out 45000 45000
Ending Work in Process 10000 10000
Total units to be accounted for 55000 55000

COST SCHEDULE
Total Materials
Beginning Work in Process 30,800.00 12,000.00
Current month costs 210,000.00 65,000.00
Total costs to account for 240,800.00 77,000.00

COST PER UNIT 4.52 1.40

Costs Transferred out 203,400.00 63,000.00

Ending Work in process 37,400.00 14,000.00
Total costs to be accounted for 240,800.00 77,000.00

Journal Entry:
Work in Process - Second 203,400.00
Work in Process - First 203,400.00
Lavandera Company
Cost of Production Report - Second Department
Apr-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 7000
Started units 45000
Total units to account for 52000

Total Transferred in
Units transferred out 43000 43000
Ending Work in Process 9000 9000
Total units to be accounted for 52000 52000

COST SCHEDULE

Total Transferred in
Beginning Work in Process 63,425.00 28,000.00
Current month costs 358,400.00 203,400.00
Total costs to account for 421,825.00 231,400.00

COST PER UNIT 8.35 4.45

Costs Transferred out 359,050.00 191,350.00

Ending Work in process 62,775.00 40,050.00
Total costs to be accounted for 421,825.00 231,400.00

Journal Entry:
Finished Goods 359,050.00
Work in Process - Second 359,050.00

PROBLEM 11-8

Orange Company
Cost of Production Report - Blending Department (D1)
Mar-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 200
Started units 2300
Total units to account for 2500

Total Materials
Beginning Work in Process 200 200
Started this month and transferred out 1980 1980
Ending Work in Process 320 320
Total units to be accounted for 2500 2500

COST SCHEDULE

Total Materials
Beginning Work in Process 55,215.00 8,000.00
Current month costs 307,600.00 100,000.00
Total costs to account for 362,815.00 108,000.00

COST PER UNIT 155.95 43.20

Beginning Work in Process 31,190.00 8,640.00

Started this month and transferred out 308,781.00 85,536.00
Total costs transferred out 339,971.00 94,176.00
Ending Work in Process 22,844.00 13,824.00
Total costs to be accounted for 362,815.00 108,000.00
Orange Company
Cost of Production Report - Finishing Department (D2)
Mar-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 100
Started units 2180
Total units to account for 2280

Total Transferred in
Beginning Work in Process 100 100
Started this month and transferred out 1900 1900
Ending Work in Process 280 280
Total units to be accounted for 2280 2280

COST SCHEDULE

Total Transferred in
Beginning Work in Process 18,669.00 15,188.00
Current month costs 455,171.00 339,971.00
Total costs to account for 473,840.00 355,159.00

COST PER UNIT 208.80 155.77

Beginning Work in Process 20,880.14 15,577.15

Started this month and transferred out 396,722.71 295,965.83
Total costs transferred out 417,602.86 311,542.98
Ending Work in Process 56,237.14 43,616.02
Total costs to be accounted for 473,840.00 355,159.00
Conversion Costs
73000
8000
81000

Conversion Costs
39,900.00
400,720.00
440,620.00

5.44

397,101.98
43,518.02
440,620.00

Materials Labor Overhead

6500 6500 6500
500 125 200
7000 6625 6700
Materials Labor Overhead
24,000.00 25,060.00 6,320.00
90,000.00 107,440.00 86,948.00
114,000.00 132,500.00 93,268.00

16.29 20.00 13.92

105,857.14 130,000.00 90,483.88

8,142.86 2,500.00 2,784.12
114,000.00 132,500.00 93,268.00
 Labor Overhead
106000 106000
5600 5600
111600 111600

Labor Overhead
36,000.00 18,000.00
298,800.00 192,924.00
334,800.00 210,924.00

3.00 1.89

318,000.00 200,340.00
16,800.00 10,584.00
334,800.00 210,924.00

Materials Labor Overhead

8500 8500 8500
1500 1000 1000
10000 9500 9500

Materials Labor Overhead

 31,200.00 12,800.00 39,900.00
82,800.00 67,000.00 159,600.00
114,000.00 79,800.00 199,500.00

11.40 8.40 21.00

96,900.00 71,400.00 178,500.00

17,100.00 8,400.00 21,000.00
114,000.00 79,800.00 199,500.00
 Materials Labor Overhead
8000 8000 8000
3600 2800 1400
11600 10800 9400

Materials Labor Overhead

20,000.00 7,200.00 5,500.00
96,000.00 36,000.00 18,000.00
116,000.00 43,200.00 23,500.00

10.00 4.00 2.50

80,000.00 32,000.00 20,000.00

36,000.00 11,200.00 3,500.00
116,000.00 43,200.00 23,500.00

Conversion Costs
75000
5400
80400
Labor
4,020.00
32,160.00
36,180.00

0.45

33,750.00
2,430.00
36,180.00
 Materials Conversion costs
68000 68000
0 15000
68000 83000

Materials Conversion costs

- 2,220.00
- 25,900.00
- 28,120.00

- 0.34

- 23,038.07
- 5,081.93
- 28,120.00

Conversion Costs
 45000
7500
52500

Labor
18,800.00
145,000.00
163,800.00

3.12

140,400.00
23,400.00
163,800.00
 Materials Conversion costs
43000 43000
9000 4500
52000 47500

Materials Conversion costs

14,800.00 20,625.00
45,000.00 110,000.00
59,800.00 130,625.00

1.15 2.75

49,450.00 118,250.00
10,350.00 12,375.00
59,800.00 130,625.00

Conversion Costs
 200
1980
80
2260

Conversion Costs
47,215.00
207,600.00
254,815.00

112.75

22,550.00
223,245.00
245,795.00
9,020.00
254,815.00
Materials Conversion costs
100 100
1900 1900
238 238
2238 2238

Materials Conversion costs

1,641.00 1,840.00
42,000.00 73,200.00
43,641.00 75,040.00

19.50 33.53

1,950.00 3,352.99
37,050.00 63,706.88
39,000.00 67,059.87
4,641.00 7,980.13
43,641.00 75,040.00
PROBLEM 12-1

Star Toys Company

Cost of Production Report - Forming Department (D1)
Apr-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 300
Started units 2200
Total units to account for 2500

Conversion
Total Materials Costs
Finished and Transferred out
Beginning Work in process 300 0 180
Started and Transferred out 1700 1700 1700
Ending Work in process 500 500 125
Total units to be accounted for 2500 2200 2005

COST SCHEDULE
Conversion
Total Materials Costs
Beginning Work in Process 96,250.00 75,000.00 21,250.00
Current month costs 1,124,660.00 699,600.00 425,060.00
Total costs to account for 1,220,910.00 774,600.00 446,310.00

COST PER UNIT 530.00 318.00 212.00

Finished and Transferred out

BWIP - cost last month 96,250.00 75,000.00 21,250.00
BWIP - cost this month 38,160.00 - 38,160.00
Started and Transferred out 901,000.00 540,600.00 360,400.00
Total 1,035,410.00 615,600.00 419,810.00
Ending Work in Process 185,500.00 159,000.00 26,500.00
Total costs to be accounted for 1,220,910.00 774,600.00 446,310.00

Journal Entries:
Work In Process - Forming Department 1,124,660.00
Materials / A. Payable 699,600.00
Conversion Costs/Various Accts 425,060.00

Work In Process - Finishing Department 1,035,410.00

Work In Process - Forming Department 1,035,410.00

PROBLEM 12-2
Star Toys Company
Cost of Production Report - Finishing Department (D2)
Apr-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 500
Started and Transferred inunits 2000
Total units to account for 2500

Total Transferred in Materials

Finished and Transferred out
Beginning Work in process 500 500 500
Started and Transferred out 1600 1600 1600
Ending Work in process 400 400 0
Total units to be accounted for 2500 2500 2100

COST SCHEDULE

Total Transferred in Materials

Beginning Work in Process 247,700.00 175,200.00 -
Current month costs 1,650,410.00 1,035,410.00 231,000.00
Total costs to account for 1,898,110.00 1,210,610.00 231,000.00

COST PER UNIT 827.71 517.71 110.00

Finished and Transferred out

BWIP - cost last month 247,700.00 175,200.00 -
BWIP - cost this month 95,000.00 - 55,000.00
Started and Transferred out 1,324,328.00 828,328.00 176,000.00
Total 1,667,028.00 1,003,528.00 231,000.00
Ending Work in Process 231,082.00 207,082.00 -
Total costs to be accounted for 1,898,110.00 1,210,610.00 231,000.00

Journal Entries:
Work in process - Finishing Department 1,650,410.00
Materials / Accounts Payable 231,000.00
Conversion Costs /Various Accts 384,000.00
Work in process - Forming Department 1,035,410.00

Finished Goods 1,667,028.00

Work in process - Finishing Department 1,667,028.00

PROBLEM 12-3
Viagra Chemical Corporation
Cost of Production Report - Cooking Department (D1)
Jul-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 4000
Started units 52000
Total units to account for 56000

Conversion
Total Materials Costs
Finished and Transferred out
Beginning Work in process 4000 0 1600
Started and Transferred out 46000 46000 46000
Ending Work in process 6000 6000 4500
Total units to be accounted for 56000 52000 52100

COST SCHEDULE
Conversion
Total Materials Costs
Beginning Work in Process 84,448.00 44,800.00 39,648.00
Current month costs 1,456,612.00 595,920.00 860,692.00
Total costs to account for 1,541,060.00 640,720.00 900,340.00

COST PER UNIT 27.98 11.46 16.52

Finished and Transferred out

BWIP - cost last month 84,448.00 44,800.00 39,648.00
BWIP - cost this month 26,432.00 - 26,432.00
Started and Transferred out 1,287,080.00 527,160.00 759,920.00
Total 1,397,960.00 571,960.00 826,000.00
Ending Work in Process 143,100.00 68,760.00 74,340.00
Total costs to be accounted for 1,541,060.00 640,720.00 900,340.00

PROBLEM 12-4

Star Toys Company

Cost of Production Report - Finishing Department (D2)
Apr-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 8000
Started and Transferred in 40000
Total units to account for 48000
 Total Transferred in Materials
Finished and Transferred out
Beginning Work in process 8000 8000 1600
Started and Transferred out 36000 36000 36000
Ending Work in process 4000 4000 2800
Total units to be accounted for 48000 48000 40400

COST SCHEDULE
Total Transferred in Materials
Beginning Work in Process 202,520.00 132,000.00 49,920.00
Current month costs 1,220,800.00 640,000.00 323,200.00
Total costs to account for 1,423,320.00 772,000.00 373,120.00

COST PER UNIT 30.00 16.00 8.00

Finished and Transferred out

BWIP - cost last month 202,520.00 132,000.00 49,920.00
BWIP - cost this month 43,200.00 12,800.00
Started and Transferred out 1,080,000.00 576,000.00 288,000.00
Total 1,325,720.00 708,000.00 350,720.00
Ending Work in Process 97,600.00 64,000.00 22,400.00
Total costs to be accounted for 1,423,320.00 772,000.00 373,120.00

PROBLEM 12-5

Ace Tool Company

Cost of Production Report - Assembly Department (D2)
Date of period

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 1000
Started and Transferred in 3000
Total units to account for 4000

Total Transferred in Materials

Finished and Transferred out
Beginning Work in process 1000 1000 100
Started and Transferred out 1800 1800 1800
Ending Work in process 1200 1200 600
Total units to be accounted for 4000 4000 2500

COST SCHEDULE

Total Transferred in Materials

Beginning Work in Process 247,700.00 175,200.00 -
Current month costs 679,000.00 64,000.00 231,000.00
Total costs to account for 926,700.00 239,200.00 231,000.00

COST PER UNIT 268.57 21.33 92.40

Finished and Transferred out

BWIP - cost last month 247,700.00 175,200.00 -
BWIP - cost this month 40,207.74 - 9,240.00
Started and Transferred out 483,429.68 38,400.00 166,320.00
Total 771,337.42 213,600.00 175,560.00
Ending Work in Process 155,362.58 25,600.00 55,440.00
Total costs to be accounted for 926,700.00 239,200.00 231,000.00

PROBLEM 12-6

Papaya Company
Cost of Production Report - 1st Department
May-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 5000
Started units 50000
Total units to account for 55000

Conversion
Total Materials Costs
Finished and Transferred out
Beginning Work in process 5000 0 1750
Started and Transferred out 40000 40000 40000
Ending Work in process 10000 10000 7500
Total units to be accounted for 55000 50000 49250

COST SCHEDULE
Conversion
Total Materials Costs
Beginning Work in Process 32,475.00 13,000.00 19,475.00
Current month costs 207,852.00 65,000.00 142,852.00
Total costs to account for 240,327.00 78,000.00 162,327.00

COST PER UNIT 4.20 1.30 2.90

Finished and Transferred out

BWIP - cost last month 32,475.00 13,000.00 19,475.00
BWIP - cost this month 5,075.96 - 5,075.96
Started and Transferred out 168,021.93 52,000.00 116,021.93
Total 205,572.89 65,000.00 140,572.89
Ending Work in Process 34,754.11 13,000.00 21,754.11
Total costs to be accounted for 240,327.00 78,000.00 162,327.00

Journal Entries:
Work In Process - 1st Department 207,852.00
Materials / A. Payable 65,000.00
Conversion Costs/Various Accts 142,852.00

Work In Process - 2md Department 205,572.89

Work In Process - 1st Department 205,572.89

Papaya Company
Cost of Production Report - 2nd Department
May-14

QUANTITY SCHEDULE:
Actual
Beginning Work in Process 7000
Started and Transferred in 45000
Total units to account for 52000

Total Transferred in Materials

Finished and Transferred out
Beginning Work in process 7000 7000 0
Started and Transferred out 36000 36000 36000
Ending Work in process 9000 9000 9000
Total units to be accounted for 52000 52000 45000

COST SCHEDULE

Total Transferred in Materials

Beginning Work in Process 65,560.00 30,000.00 14,600.00
Current month costs 360,534.89 205,572.89 45,000.00
Total costs to account for 426,094.89 235,572.89 59,600.00

COST PER UNIT 8.03 4.57 1.00

Finished and Transferred out

BWIP - cost last month 65,560.00 30,000.00 14,600.00
BWIP - cost this month 10,332.00 - -
Started and Transferred out 289,018.31 164,458.31 36,000.00
Total 364,910.31 194,458.31 50,600.00
Ending Work in Process 61,184.58 41,114.58 9,000.00
Total costs to be accounted for 426,094.89 235,572.89 59,600.00
Conversion
Costs

200
1600
120
1920

Conversion
Costs
72,500.00
384,000.00
456,500.00

200.00

72,500.00
40,000.00
320,000.00
432,500.00
24,000.00
456,500.00
 Labor Overhead

4800 5600
36000 36000
2000 1600
42800 43200

Labor Overhead
13,440.00 7,160.00
171,200.00 86,400.00
184,640.00 93,560.00

4.00 2.00

13,440.00 7,160.00
19,200.00 11,200.00
144,000.00 72,000.00
176,640.00 90,360.00
8,000.00 3,200.00
184,640.00 93,560.00

Conversion
Costs

200
1800
480
2480

Conversion
Costs
 72,500.00
384,000.00
456,500.00

154.84

72,500.00
30,967.74
278,709.68
382,177.42
74,322.58
456,500.00
Conversion
Costs

4200
36000
4500
44700

Conversion
Costs
20,960.00
109,962.00
130,922.00

2.46

20,960.00
10,332.00
88,560.00
119,852.00
11,070.00
130,922.00